Tax Rates

Individual income tax rates

Residents
These rates apply to individuals who are residents of Australia for tax purposes.

 

Tax rates 2007-08

Taxable income

Tax on this income

$1 – $6,000

Nil

$6,001 – $30,000

15c for each $1 over $6,000

$30,001 – $75,000

$3,600 plus 30c for each $1 over $30,000

$75,001 – $150,000

$17,100 plus 40c for each $1 over $75,000

$150,001 and over

$47,100 plus 45c for each $1 over $150,000

 

Tax rates 2008-09

Taxable income

Tax on this income

$0 – $6,000

Nil

$6,001 – $34,000

15c for each $1 over $6,000

$34,001 – $80,000

$4,200 plus 30c for each $1 over $34,000

$80,001 – $180,000

$18,000 plus 40c for each $1 over $80,000

$180,001 and over

$58,000 plus 45c for each $1 over $180,000

 

Non-residents

If you are a non-resident for the full year, the following rates apply:

Tax rates 2007-08

Taxable income

Tax on this income

$0 – $30,000

29c for each $1

$30,001 – $75,000

$8,700 plus 30c for each $1 over $30,000

$75,001 – $150,000

$22,200 plus 40c for each $1 over $75,000

$150,001 and over

$52,200 plus 45c for each $1 over $150,000

 

Tax rates 2008-09

Taxable income

Tax on this income

$0 – $34,000

29c for each $1

$34,001 – $80,000

$9,860 plus 30c for each $1 over $34,000

$80,001 – $180,000

$23,660 plus 40c for each $1 over $80,000

$180,001 and over

$63,660 plus 45c for each $1 over $180,000


This information has been taken from Australian Taxation Office website.